Qualcomm forecasts current-quarter revenue below estimates

(Reuters) - Qualcomm Inc missed quarterly revenue estimates and forecast current-quarter revenue below analysts' expectations on Wednesday, sending its shares down 5% in extended trading. The below-expectations forecast follows upbeat results from chipmakers Texas Instruments and Intel Corp that had eased investor concerns around demand due to a protracted Sino-U.S. trade war and the fallout from restrictions on sales to China's Huawei Technologies [HWT.UL]

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